Investment Criteria
Focus on physician practices, laboratories, research organizations, and healthcare services. We seek opportunities with proven operators who have built enduring organizations with strong business fundamentals.
EBITDA of $1-$10mn
We target companies generating $1–$10 million of EBITDA (with a focus on $2M+ platforms), where meaningful operational improvements and capital efficiency can drive scalable value creation.
U.S.-Based Businesses
We target U.S.-based businesses, with a focus on regions demonstrating strong population growth, healthcare demand, and payer diversity. Our priority markets include California and other high-density metropolitan areas where outpatient care and diagnostics are expanding rapidly.
Value Creation Potential
We pursue opportunities where we can accelerate growth through technology, operational discipline, and strategic consolidation, creating institutional-scale platforms attractive to strategic or private equity buyers.
Sector Focus
We invest in laboratories, healthcare services, and technology-driven platforms that enhance access, efficiency, and data connectivity across the care continuum—businesses positioned at the intersection of clinical operations and innovation.
Pathway targets lower-middle-market healthcare practices with strong fundamentals.
We focus on clinically important, operationally complex sectors where our experience as operators creates a strategic advantage and lasting enterprise value, and seek companies positioned for growth and modernization.
Connect With Pathway
Start the dialogue and explore the possibilities that emerge when experience, vision, and collaboration come together.